ATLANTA – February 26, 2020 – Avison Young Hospitality Group announced that the firm has closed 20 hotel transactions during January and February. The property closings ranged from Hilton select service hotels to various other brands located throughout the northeast, upper Midwest, south central and southeast. Most all the hotels are under 200 rooms each and represent the ever changing hospitality investment market.
The sellers represented in these transactions range from US investment companies, management companies and overseas investors. The buyers were mostly private investment companies and private family office money with the strategy of investing in tertiary markets where yield volatility is better managed. H. Keith Thompson said; “given this week’s decline in public traded companies, these latest transactions represent accretive investments for both the seller and buyer. Further, these transactions represent the flight to yield consistency that is provided by the suburban (2nd tier) hospitality investment strategy as compared to urban core.”
